Some 570 people applied for debt relief during the first quarter of the year, an increase of 16 per cent on 2015, according to figures from the Insolvency Service of Ireland, as experts suggest a deluge of deals will now be done. There were 570 applications, representing total debt of 303 million, for debt relief…
Charlie Weston, Personal Finance Editor Published 19/04/2016 | 10:14 Four Courts THERE has been a surprise fall in the number of people being adjudicated bankrupt. Share Go To This is despite the bankruptcy term falling from three years to one year from January 29 last. The Insolvency Service said there was a rise in other…
Latest News Michelle Grattan on Clive Palmer [Video] All of humanity should share in the space mining boom Palmer may have broken the law: Queensland Nickel administrators 2016: First Quarter commodity update [infographic] In a very rare move, the federal government plans to use its position as a creditor to call for the appointment of…
Rogers Communications has reported lower year-over-year profits in the first quarter, citing among other reasons higher restructuring costs and an increase in the adjusted operating loss of its traditional media business. The Toronto-base telecommunications giant said net income in the three months ended March 31 was $248 million or 48 cents per share, down from…
The court will decide at the end of the month if the company Euro Insol gets appointed judicial administrator of the Romanian energy company Complexul Energetic Hunedoara (CEH). The Energy Ministry wanted to appoint Euro Insol as the producers judicial administrator. However, the representative of Romanias Tax Agency ANAF voted against this proposal…
Deloitte has released its insolvency report into what exactly went wrong at Powa Technologies, the London payment company that blew up spectacularly in February after blowing through hundreds of millions in investor money. The company autopsy reveals Powas ultimate controlling company raised £143.94 million ($203.7 million) in debt and equity funding from 2013 onwards, as…
By Martin North, cross-posted from the Digital Finance Analytics Blog: According to the latest data from the Australian Financial Security Authority, pressure is mounting in WA, with personal insolvencies in the March quarter 2016 compared to the March quarter 2015 rising 26.0%, bankruptcies increasing 19.6% and debt agreements in WA are now the highest on…
In a very rare move, the federal government plans to use its position as a creditor to call for the appointment of a special purpose liquidator to recover taxpayers funds from Clive Palmer and associated entities. This follows a report from the administrators of Queensland Nickel, which suggested Clive Palmer could be held liable as…
THE risk of Northern Ireland firms becoming insolvent is in decline, according to trade body R3. The organisation said April was a “month for optimism” across the north’s key sectors. R3 tracks 10 sectors and found seven of those were at less risk of insolvency than a month ago while another had seen no change.…
Developer Lawrence Kenwright has rubbished claims he is not the man to save Cardiffs Coal Exchange . Mr Kenwrights Signature Living company, which has restored derelict historic buildings in Liverpool, has been chosen to lead the £42m restoration. But Cardiff South and Penarth MP Stephen Doughty has questioned whether Mr Kenwright is the right person…